A.I.S. Resources Limited

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A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of professionals with a long track record of success in manganese and lithium resource exploration and production, and the capital markets. Through our extensive geological and business n...

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A.I.S. Resources Limited

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A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of prof......

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20 hours ago

8020 Admin posted a press release A.I.S. Resources Arranges a Monthly Manganese Supply of 1,500 Tonnes and Sells Initial Shipment of 454 Wet Metric Tonnes Manganese in A.I.S. RESOURCES LIMITED

VANCOUVER, British Columbia, Oct. 31, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has arranged 1,500 tonnes a month of manganese supply.


 Highlights of the AIS Resources Manganese Production from Peru:



  • AIS has contracted 1,500 tonnes per month of supply from the following sources
    °  Arce Manganese group has 1,000 tonnes available for supply and can provide 1,000 tonnes per month of 43% Mn.
    °  San Jorge mine has 525 tonnes ready to ship to the specification contracted. A sample of the 525 tonnes mined showed 54% MnO. This supply has been paid for.

  • AIS has paid a deposit to Sudamerica for 500 tonnes of 44% lump manganese (“Mn”).


Figure 1 Assay Results – San Jorge Mine Peru: https://www.globenewswire.com/NewsRoom/AttachmentNg/722be180-55cf-4e11-bcbd-b49fc10efe41



  • We are obtaining quotes to ship from Salaverry Peru, reducing our trucking costs and shipping by loading bags directly into the hold of handymax ships.

  • The current market price for low iron content Manganese is $4.35 per point or at 44% MN benchmark $191.40 per Wet Metric Tonne. Our suppliers have lowered their prices in line with the reduction in the market price to enable A.I.S to maintain profits.


Expanding Supply of Manganese



  • Our CEO visited Bolivia in the past week and has sampled the seller’s ore which assayed at 59.4% MnO or approximately 45.7% Mn. They have the capacity to produce 30,000 tonnes per month and the resource is estimated at 1,000,000 tonnes. The product will be shipped from Antafagasta in Chile. AIS is currently investigating trade finance for up to $5million per month.


Figure 2 Assay Results – Bolivia: https://www.globenewswire.com/NewsRoom/AttachmentNg/c259e8c0-1b10-4ec4-bcdd-14a9cf31974d



  • We are negotiating with a supplier from Namibia for 10,000 tonnes a month of 44% Mn, on a CFR basis Tianjin, China.


“After a lot of hard work I am delighted we made good progress to expand our production supply capacity. Our CIQ certificate will open the door to access many more buyers around the world and key Japanese traders.” AIS Resources President and CEO, Phillip Thomas stated, “The use of manganese in steel is expanding from the construction industry to the high wear mining equipment market. For example, Xtraalloy steel has 24% Manganese. We will be targeting these producers who require up to 50,000 tonnes a month”.


AIS Resources Sells 454 Tonnes Manganese to Chinabase
AIS has sold 454 tonnes of manganese to Chinabase, a large trading company in China. The 21 containers are currently being sampled by China Import and Quarantine (“CIQ”). Payment is expected when CIQ is completed.


About AIS Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas, President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Figure 2



Assay Results-Bolivia



Figure 1



 



Assay Results-San Jorge Mine Peru



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8020 Admin

8 days ago

8020 Admin posted a press release AIS Resources Options Gold Mine In Peru Producing 5kg Gold Per Week in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Oct. 24, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that it has reached agreement on an option to acquire an initial 51% interest in a gold mine in Northern Peru producing up to 5kg gold per week (165 troy ounces) with average revenues of US$75,000 per month. AIS will earn a 51% interest by contributing US$500,000 in equipment and technical expertise to increase the mine’s productivity.


The properties are located in the San lgnacio district, Cajamarca province. There are no indigenous communities nearby, and local labour has been used to mine the three horizontal shafts and trenches. The veins are vertically orientated.


Highlights:



  • AIS has been granted a 90 day due diligence period.

  • Two grab samples have recorded 27gm/tonne and 466gm/tonne of gold from concession Jaw4 which we will target for a new shaft. While these samples are encouraging, and gold production is in progress, we need to determine the extent and concentration of gold in veins and associated rock.

  • Our due diligence will focus on the extent of the veins, drilling the property to define the extent of the gold mineralization, geochemical soil sampling, mapping, and design of a process circuit.

  • Within six months of the conclusion of the 90 day due diligence period AIS will contribute US$500,000 in equipment and technical expertise.

  • AIS will upgrade the ball mill and acquire a Taylor shaker table and floatation system for capturing the gold.

  • The Peruvian Company has eight concessions over 5,888 ha, in northern Peru.

  • AIS intends to stake more ground in this area with a view to expanding production in future years.

  • Our CEO, Phil Thomas, has been active in a number of gold projects in Nazca to the south of Peru, Arizona, and Victoria Australia.


“This is an exciting development for the Company to supplement its manganese operations, and its lithium brine extraction technology," Phillip Thomas, CEO, stated. “While AIS’s focus is on expanding our lump manganese acquisitions at grades of 44% Mn and higher we have decided that this gold opportunity will benefit us greatly, by diversification, and short term cashflow.”


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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A.I.S. Resources Limited

publicPublic Group

A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of professionals with a long track record of success in manganese and lithium resource exploration and production, and the capital markets. Through our extensive geological and business n...

people5 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Add Corporate Feed


A.I.S. Resources Limited

publicPublicGroup

A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of prof......

people5 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

20 hours ago

8020 Admin posted a press release A.I.S. Resources Arranges a Monthly Manganese Supply of 1,500 Tonnes and Sells Initial Shipment of 454 Wet Metric Tonnes Manganese in A.I.S. RESOURCES LIMITED

VANCOUVER, British Columbia, Oct. 31, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has arranged 1,500 tonnes a month of manganese supply.


 Highlights of the AIS Resources Manganese Production from Peru:



  • AIS has contracted 1,500 tonnes per month of supply from the following sources
    °  Arce Manganese group has 1,000 tonnes available for supply and can provide 1,000 tonnes per month of 43% Mn.
    °  San Jorge mine has 525 tonnes ready to ship to the specification contracted. A sample of the 525 tonnes mined showed 54% MnO. This supply has been paid for.

  • AIS has paid a deposit to Sudamerica for 500 tonnes of 44% lump manganese (“Mn”).


Figure 1 Assay Results – San Jorge Mine Peru: https://www.globenewswire.com/NewsRoom/AttachmentNg/722be180-55cf-4e11-bcbd-b49fc10efe41



  • We are obtaining quotes to ship from Salaverry Peru, reducing our trucking costs and shipping by loading bags directly into the hold of handymax ships.

  • The current market price for low iron content Manganese is $4.35 per point or at 44% MN benchmark $191.40 per Wet Metric Tonne. Our suppliers have lowered their prices in line with the reduction in the market price to enable A.I.S to maintain profits.


Expanding Supply of Manganese



  • Our CEO visited Bolivia in the past week and has sampled the seller’s ore which assayed at 59.4% MnO or approximately 45.7% Mn. They have the capacity to produce 30,000 tonnes per month and the resource is estimated at 1,000,000 tonnes. The product will be shipped from Antafagasta in Chile. AIS is currently investigating trade finance for up to $5million per month.


Figure 2 Assay Results – Bolivia: https://www.globenewswire.com/NewsRoom/AttachmentNg/c259e8c0-1b10-4ec4-bcdd-14a9cf31974d



  • We are negotiating with a supplier from Namibia for 10,000 tonnes a month of 44% Mn, on a CFR basis Tianjin, China.


“After a lot of hard work I am delighted we made good progress to expand our production supply capacity. Our CIQ certificate will open the door to access many more buyers around the world and key Japanese traders.” AIS Resources President and CEO, Phillip Thomas stated, “The use of manganese in steel is expanding from the construction industry to the high wear mining equipment market. For example, Xtraalloy steel has 24% Manganese. We will be targeting these producers who require up to 50,000 tonnes a month”.


AIS Resources Sells 454 Tonnes Manganese to Chinabase
AIS has sold 454 tonnes of manganese to Chinabase, a large trading company in China. The 21 containers are currently being sampled by China Import and Quarantine (“CIQ”). Payment is expected when CIQ is completed.


About AIS Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas, President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Primary Logo



Figure 2



Assay Results-Bolivia



Figure 1



 



Assay Results-San Jorge Mine Peru



!
Thumb 8020 monitor 200200 2

8020 Admin

8 days ago

8020 Admin posted a press release AIS Resources Options Gold Mine In Peru Producing 5kg Gold Per Week in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Oct. 24, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that it has reached agreement on an option to acquire an initial 51% interest in a gold mine in Northern Peru producing up to 5kg gold per week (165 troy ounces) with average revenues of US$75,000 per month. AIS will earn a 51% interest by contributing US$500,000 in equipment and technical expertise to increase the mine’s productivity.


The properties are located in the San lgnacio district, Cajamarca province. There are no indigenous communities nearby, and local labour has been used to mine the three horizontal shafts and trenches. The veins are vertically orientated.


Highlights:



  • AIS has been granted a 90 day due diligence period.

  • Two grab samples have recorded 27gm/tonne and 466gm/tonne of gold from concession Jaw4 which we will target for a new shaft. While these samples are encouraging, and gold production is in progress, we need to determine the extent and concentration of gold in veins and associated rock.

  • Our due diligence will focus on the extent of the veins, drilling the property to define the extent of the gold mineralization, geochemical soil sampling, mapping, and design of a process circuit.

  • Within six months of the conclusion of the 90 day due diligence period AIS will contribute US$500,000 in equipment and technical expertise.

  • AIS will upgrade the ball mill and acquire a Taylor shaker table and floatation system for capturing the gold.

  • The Peruvian Company has eight concessions over 5,888 ha, in northern Peru.

  • AIS intends to stake more ground in this area with a view to expanding production in future years.

  • Our CEO, Phil Thomas, has been active in a number of gold projects in Nazca to the south of Peru, Arizona, and Victoria Australia.


“This is an exciting development for the Company to supplement its manganese operations, and its lithium brine extraction technology," Phillip Thomas, CEO, stated. “While AIS’s focus is on expanding our lump manganese acquisitions at grades of 44% Mn and higher we have decided that this gold opportunity will benefit us greatly, by diversification, and short term cashflow.”


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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